XRP To Double Digits? Multi-Year Cup And Handle Points To Massive Rally
After being rejected from the $1.55 barrier on Thursday, XRP dropped nearly 8%, continuing its consolidation below this crucial resistance. Amid this performance, a market watcher highlighted a multi-year pattern that could push the price toward new highs. Related Reading: Ethereum TD Sequential Flashes Sell Signal – Is A New 50% Corrective Phase Starting? XRP Multi-Year Pattern Takes Shape On Friday, market observer ChartNerd shared a long-term perspective on the XRP price, based on a multi-year formation with “significant macro future upside potential waiting ahead.” In an X post, the analyst highlighted a Cup and Handle pattern, which has been forming since 2018. The chart below shows that the pattern completed the cup during its mid-2025 rally and has been forming the handle since the altcoin reached its latest all-time high (ATH). Based on this, he suggested that XRP “may seek a Gaussian Channel retest to mark a periodic bottom,” as the indicator has been a strong confluence area